TrainingTrader

NZDCAD recent extended move. Potential long

OANDA:NZDCAD   NZD/CAD
Analysis: Price experienced a sharp decline after reversing from key descending trend line. If price were to fall to the next level of support, potential long position can be considered in anticipation of a minor retracement.

Long opportunity: Reversal confirmation at 0.81396 support region towards 0.82002 as Take Profit - 1 level.

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